What did the U.S. business cycles in the early 1890s and early 1930s have in common?
A) rapid industrialization
B) persistently high inflation
C) high consumer confidence
D) all of the above
E) none of the above
E
You might also like to view...
In the economic way of thinking, capital contributes to
A) the exploitation of labor. B) wealth. C) greed. D) macroeconomic inefficiency. E) none of the above.
With successful collusion that maximizes the total profits of the firms in the market,
a. the market demand curve shifts leftward b. monopoly power allows the sellers to charge whatever price they want for their joint output level c. each firm faces a horizontal demand curve for its output d. each firm can sell as much output as it chooses at the price set by the cartel e. the pricing decision is constrained by the market demand curve
The elimination of automatic stabilizers would decrease the need for other fiscal policies.
Answer the following statement true (T) or false (F)
If the inflation rate in the U.S. is lower than in other countries, this would be expected to
A. increase U.S. exports. B. reduce U.S. imports. C. increase the demand for dollars. D. All of the choices are true.